AAR2605. The NAV-igator's Guide to Alternative Investments

Navigate the complexities of accounting for and auditing alternative investments held by employee benefit plans. This session will explore the types and characteristics of investments valued using net asset value (NAV), the relevant guidance under ASC 820, and the factors that may affect the use of NAV as a practical expedient. Through practical examples, participants will examine audit considerations, common challenges, and approaches to obtaining sufficient appropriate audit evidence. The session will also highlight key documentation and disclosure considerations to help auditors navigate these investments with confidence.